Anchor Investment Management LLC Purchases 60 Shares of Markel Group Inc. (NYSE:MKL)

Anchor Investment Management LLC lifted its position in Markel Group Inc. (NYSE:MKL) by 6,000.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61 shares of the insurance provider’s stock after buying an additional 60 shares during the period. Anchor Investment Management LLC’s holdings in Markel Group were worth $96,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Markel Group by 4.2% in the third quarter. State Street Corp now owns 329,209 shares of the insurance provider’s stock worth $516,391,000 after acquiring an additional 13,372 shares in the last quarter. Davis Selected Advisers increased its stake in Markel Group by 0.3% during the 2nd quarter. Davis Selected Advisers now owns 287,061 shares of the insurance provider’s stock worth $452,311,000 after purchasing an additional 970 shares in the last quarter. Geode Capital Management LLC raised its holdings in Markel Group by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 209,054 shares of the insurance provider’s stock worth $327,131,000 after buying an additional 10,254 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Markel Group by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 113,556 shares of the insurance provider’s stock valued at $178,931,000 after buying an additional 5,310 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in shares of Markel Group by 15.4% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock valued at $134,320,000 after buying an additional 11,357 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of NYSE MKL opened at $1,737.07 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a 50 day moving average price of $1,651.42 and a 200 day moving average price of $1,598.82. The stock has a market capitalization of $22.34 billion, a PE ratio of 8.01 and a beta of 0.77. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,809.11.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Analysts predict that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada dropped their target price on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Finally, StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $1,626.83.

About Markel Group

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.